Next Fifteen shares slide further

Shares in communications group Next Fifteen have plunged after it said that restructuring costs would hit profits. The announcement was the latest blow to shareholders, who saw the value of their investments fall at the end of last year when Next Fifteen revealed that it was at the centre of an FBI fraud investigation over alleged embezzlement by a senior employee. Next Fifteen’s sales rose by three per cent in the six months to April, hitting £46.6m as profits increased to £4.5m.